Strengthening Entrepreneurship in Productive Forest Landscapes (WB-P164661)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 29, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
National Forestry Commission
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 56.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 56.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 185.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 11, 2018

Disclosed by Bank Nov 1, 2017


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Project Description

According to the World Bank, the development objective of the Strengthening Entrepreneurship in Productive Forest Landscapes Project for Mexico is to strengthen sustainable forest management and increase economic opportunities for forest-dependent people and enterprises in selected forest landscapes in Mexico.

The project comprises of the following two components:

  1. The first component, strengthening forest management, conservation, and business development will finance forest sector demand-driven incentive programs that aim to support local communities, other landholders, and forest dependent people in sustainably managing forests, as well as increasing economic opportunities from forest resources.
  2. The second component, institutional development and facilitation support seeks to support the preparation of a BioCarbon fund (BioCF) emission reduction (ER) program. It consists of following sub-components: (i) strengthening national forestry commission (CONAFOR) and cross-sector coordination; and (ii) strengthen beneficiary advisory services.
Investment Description
  • World Bank (WB)

Funding will come from the International Bank for Reconstruction and Development of the World Bank Group. Additional funds coving the remaining US$119 million will come from the borrowing agency, the National Forestry Commission (CONAFOR). 

Contact Information

Contact:

CONAFOR Jorge Rescala Director General directorgeneral@conafor.gob.mx

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.